UK Government Has Amended The Energy Bill To Support Of Independent Renewable Generators
By Cynthia Taylor
This action is to help the Independent renewable energy generators to have access to the electricity market. Greg Barker, energy minister, announced that this was to promote innovation and competition.
Mr. Barker continued that the new reforms will create the framework for a more entrepreneurial and dynamic market, at the same time ensuring that the UK will still get the large-scale investments that is needed by the industry.
Mr. Barker also said that the opening up of the electricity market so that more competition becomes a fundamental part of the reforms, that are being introduced through the UKís Energy Bill and to allow the smaller players to be able to get a bigger share of the renewable energy market.
He continued that the independent generates donít have a strong supply arm that will sell electricity directly to consumers, and therefore, are finding it difficult for them to enter a market that is dominated by the Big Six energy giants.
The independent energy generators have an important part to play in helping to meet the UKís renewable energy targets, and they account for a large portion of the new energy infrastructure projects, that are currently waiting for investment decisions, and they will also introduce competition as well as innovation in the market.
The amendments would enable the UK government to establish a scheme, that will oblige suppliers to purchase electricity from the renewable generators, with specific conditions, if they are unable to agree to a commercial contact. These amendments would be a last resort action to strengthen the market and also to stimulate competition.
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